Pony.ai Advances in China's Robotaxi Race with 24/7 Service and Shanghai Expansion

Pony AI Vs. WeRide: Who's Leading China's Robotaxi Race - WeRide (NASDAQ:WRD), Pony AI (NASDAQ:PONY)

Both companies notched an important new advance last week when Shanghai unveiled a major expansion to its robotaxi program Key Takeaways: Pony AI, WeRide and Baidu were among eight groups awarded licenses to operate in a major expansion of Shanghai's robotaxi program Pony AI's stock is up 16% since its U.S. listing last November, while WeRide has lost a third of its value since its Nasdaq trading debut a month earlier In the Chinese robotaxi race for supremacy, Pony AI Inc. PONY is winning over investors compared with rival WeRide Inc. WRD. The fuel that's exciting stock buyers appears to be Pony's faster success in commercializing its robotaxi service, as the pair of independent operators race to find profits before burning through their cash. Uber and its former CEO Travis Kalanick may also be taking bets on this particular race, with the former potentially backing both sides as the latter places his bets on Pony, based on recent reports that we'll detail shortly. Both companies were in the headlines on Saturday when each separately announced (Pony announcement; WeRide announcement) a major advance into Shanghai, China's commercial capital, at a major AI event. The pair, along with Baidu's (BIDU.US; 9888.HK) Apollo Go, were among eight groups awarded licenses to operate robotaxi services in the Jinqiao and Huamu districts of Shanghai's massive Pudong area. That development looks quite significant, since Shanghai previously limited robotaxi testing and services to its relatively remote Jiading district. The expansion to Huamu will bring robotaxi services to within 3 kilometers of Shanghai's Lujiazui financial district, home to some of the world's tallest buildings. Jinqiao is also home to many foreign companies and a large white-collar community more likely to use such robotaxi services. The Shanghai expansion complements strong presences by Pony, WeRide and Baidu's Apollo Go in China's four megacities that also include Beijing, Shenzhen and Guangzhou. Just a day before announcing the Shanghai move, Pony AI announced its formal launch of around-the-clock service in Guangzhou and Shenzhen, expanding from 15-hour daily operation using rapidly maturing technology that allows for better autonomous driving at night. Technology development aside, all three of these companies have also become quite adept at putting out steady streams of announcements on all their latest developments, trying to keep investors excited on their slow road to commercialization. WeRide has issued 27 announcements this year alone, or about one per week, while Pony AI has issued 17, or one every 12 days. No matter is too small for either company to shout about. Both companies are in the early stages of trying to develop various global markets in the Middle East, Europe and North America, though the overwhelming amount of their operations are currently in China. Despite their relatively similar profiles, shares of WeRide and Pony AI have fared quite differently since the former listed in New York last October and the latter followed a month later. Pony's shares haven't exactly galloped ahead, but are still up about 16% from their IPO price. That contrasts sharply with WeRide, whose stock has lost about a third of its value since its trading debut. Pony's rally has lifted its value to about $5.4 billion, while WeRide has dropped to about half that at $2.9 billion. Pony also boasts a stronger price-to-sales (P/S) ratio of 72, compared with WeRide's 58. Here, however, we should point out that both figures are quite inflated, since neither company is generating too much revenue yet. Accelerating commercialization The growing divergence between this pair appears to lie in Pony's faster commercialization of its core robotaxi services compared with WeRide. Pony's revenue rose 12% in this year's first quarter to $14 million from $12.5 million a year earlier, outpacing WeRide's 1.6% year-on-year gain to 72.4 million yuan ($10.1 million) from 71.2 million yuan over that time. While both of those revenue figures are quite small, they still consist mostly of non-robotaxi operations for both companies. But the robotaxi business is growing quickly for each, and is likely to become their biggest revenue source not far down the road. Pony reported that revenue from its robotaxi services tripled in the first quarter of this year to $1.73 million from $576,000 a year earlier, as revenue from robotaxi fares rose ninefold. By comparison, WeRide's first-quarter robotaxi revenue of 16.1 million yuan, or about $2.25 million, was actually higher than Pony's, but only roughly doubled year-on-year. While some may say that doubling is quite strong, it's coming off such a small base that WeRide will need to show some even stronger growth to win over investors. Both companies have similar-sized fleets, with Pony AI forecasting it would operate 1,000 vehicles by the end of this year, compared with 1,200 for WeRide at the end of March this year. While investors appear to be siding with Pony, ride-sharing giant Uber (UBER.US) appears to be playing both sides of the aisle, though it's slightly in favor of WeRide. Both Pony and WeRide have separately announced inclusion of their robotaxis on Uber's platform outside China, though such tie-ups are mostly symbolic at this point. What's more, Uber has announced similar tie-ups with many other major robotaxi services, showing it doesn't want to get left behind when such services finally become popular. Uber announced a $100 million investment in WeRide in May, which would give it 3.4% of the company, based on WeRide's current market value. Meantime, the New York Times reported a month ago that Uber was in early talks to help its co-founder and former CEO Travis Kalanick acquire Pony AI's U.S. subsidiary. Such a deal looks curious since Pony officially calls Fremont, California its headquarters, even though the vast majority of its operations are in China. As Uber's attempts to back both Pony and WeRide demonstrate, it's still far too early to say which of the companies has the best chances of success. The U.S. ride-sharing giant is probably most interested in the China exposure it would gain from investing in Pony and WeRide, since neither company has any clear advantage in a global market where they would face stiff competition from better-funded rivals like Tesla (TSLA.US) and Waymo, which is backed by Google. Not surprisingly, both Pony and WeRide are currently losing money, though not at an alarming rate. Pony lost $37.4 million in the first quarter, but still has $738.5 million in cash and other highly liquid investments in its coffers - enough to fund similar losses for 20 years. Similarly, WeRide lost 385 million yuan in the quarter, but also had 4.43 billion yuan at the end of March, or enough to fund its losses for more than 11 years. Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy. PONYPony AI Inc$16.136.61%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentumN/AGrowthN/AQualityN/AValue7.41Price TrendShortMediumLongOverviewWRDWeRide Inc$11.157.83%Market News and Data brought to you by Benzinga APIs

Pony AI Stock Dips Despite Major Shanghai Robotaxi Permit - Pony AI (NASDAQ:PONY)

Shares of autonomous driving firm Pony AI Inc PONY are trading lower Tuesday, bucking positive operational news. The company announced Monday it secured a landmark permit for fully driverless commercial robotaxi services in Shanghai's Pudong financial district. What To Know: This approval makes Pony AI the only company with permits for fully driverless commercial operations across all four of China's tier-one cities: Beijing, Shanghai, Guangzhou and Shenzhen. The company will initially launch its service in the strategic areas of Jinqiao and Huamu, near the Lujiazui financial hub, targeting a premium user base. The stock may be weighed down in recent sessions by a July short-seller report from Grizzly Research, which accused the firm of falsifying autonomous driving data, using misleading marketing and falling behind competitors. The report also questioned Pony AI's financial health and its reliance on Chinese state support. In response, the company has pointed to its own recent milestones, including mass production of its new robotaxi and plans for significant fleet expansion by 2025. Price Action: According to data from Benzinga Pro, PONY shares are trading lower by 6.95% to $13.76 Tuesday. The stock has a 52-week high of $23.88 and a 52-week low of $4.11. Read Also: Pony AI Vs. WeRide: Who's Leading China's Robotaxi Race Trending Investment OpportunitiesAdvertisementArrivedBuy shares of homes and vacation rentals for as little as $100. Get StartedWiserAdvisorGet matched with a trusted, local financial advisor for free.Get StartedPoint.comTap into your home's equity to consolidate debt or fund a renovation.Get StartedRobinhoodMove your 401k to Robinhood and get a 3% match on deposits.Get StartedHow To Buy PONY Stock Besides going to a brokerage platform to purchase a share - or fractional share - of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. For example, in Pony AI's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment. Image: Shutterstock PONYPony AI Inc$13.74-7.10%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentumN/AGrowthN/AQualityN/AValue7.41Price TrendShortMediumLongOverview This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Pony AI Stock Surges As Autonomous System Hits Key Milestone - Pony AI (NASDAQ:PONY)

Shares of autonomous driving company Pony AI Inc PONY are trading higher Tuesday after the company announced an operational achievement for its next-generation technology. Here's what investors need to know. What To Know: The firm's Level 4 automotive-grade autonomous driving domain controller has now surpassed 2 million kilometers of on-road testing. Deployed in its seventh-generation Robotaxi fleet, this milestone validates the system's exceptional hardware reliability and software adaptability. For investors, the news signals a critical step towards commercial viability and profitability. Pony.ai highlighted that through extensive optimization, it reduced the domain controller's cost by 80% compared to the previous generation while extending its operational lifespan to 10 years or 600,000 kilometers. Developed in-house with Nvidia OrinX chips, Pony.ai says the system is designed for mass production. This focus on cost-efficiency and durability is central to scaling operations. Pony.ai also confirmed 2025 marks its first year of mass production, with a planned fleet of 1,000 autonomous vehicles, a key move toward achieving economies of scale. The controller's integrated design also reduces wiring complexity and manufacturing costs. Benzinga Edge Data: According to data from Benzinga Edge, Pony.ai currently has a market capitalization of $5.06 billion. Key financial metrics indicate the company is not yet profitable, as reflected by a non-existent P/E ratio, and it does not currently offer a dividend to shareholders. From a technical standpoint, the Relative Strength Index is at a neutral 57. Notably, the stock carries a significant short interest of 8.89%, suggesting a portion of the market is betting against it. However, with just 1.02 days to cover, these short positions could be exited relatively quickly based on average trading volumes. Price Action: According to data from Benzinga Pro, PONY shares are trading higher by 8.8% to $14.02 Tuesday morning. The stock has a 52-week high of $23.88 and a 52-week low of $4.11. Read Also: Pony AI Shrugs Off 'Worst Of The Robotaxi Hype' Short Seller Allegation Trending Investment OpportunitiesAdvertisementArrivedBuy shares of homes and vacation rentals for as little as $100. Get StartedWiserAdvisorGet matched with a trusted, local financial advisor for free.Get StartedPoint.comTap into your home's equity to consolidate debt or fund a renovation.Get StartedRobinhoodMove your 401k to Robinhood and get a 3% match on deposits.Get StartedHow To Buy PONY Stock Besides going to a brokerage platform to purchase a share - or fractional share - of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. For example, in Pony AI's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment. Image: Shutterstock PONYPony AI Inc$14.099.38%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentumN/AGrowthN/AQualityN/AValue8.35Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs

Why Pony AI Stock Is Surging On Wednesday - Pony AI (NASDAQ:PONY)

Tim Melvin's system has spotted 10X winners like NVIDIA and Matador -- see his next 6 picks and the options strategies to multiply gains at a free July 23 event. Register Here. Autonomous vehicle technology company Pony AI PONY on Wednesday announced that its seventh-generation (Gen-7) Beijing Automotive Industry Corporation (BAIC) Robotaxi model has started road testing in Beijing. With multiple Gen-7 vehicles on the road, the company is steadily progressing toward mass production and commercial rollout. The stock gained after the update. The BAIC Robotaxi fleet operates within Beijing's 225-square-kilometer High-Level Autonomous Driving Demonstration Zone. With this development, road testings of Gen-7 BAIC and Guangzhou Automobile Group (GAC) Robotaxi models are concurrently taking place in Beijing, Guangzhou, and Shenzhen. Also Read: Pony.ai To Deploy Robotaxis In Dubai, Trials Begin Late 2025 This multi-city deployment showcases Pony AI's autonomous driving system's robustness and flexibility and moves the company closer to its target of scaling up to 1,000 vehicles by the end of 2025. Trending Investment OpportunitiesAdvertisementArrivedBuy shares of homes and vacation rentals for as little as $100. Get StartedWiserAdvisorGet matched with a trusted, local financial advisor for free.Get StartedPoint.comTap into your home's equity to consolidate debt or fund a renovation.Get StartedRobinhoodMove your 401k to Robinhood and get a 3% match on deposits.Get StartedAdvancements in Autonomous Driving Technology Also this week, the autonomous driving company announced a significant operational milestone for its next-gen technology. The company's Level 4 automotive-grade autonomous driving domain controller has surpassed 2 million kilometers of on-road testing, demonstrating strong hardware reliability and software adaptability in its seventh-generation Robotaxi fleet. This marks a critical step toward commercial readiness and future profitability. Through extensive optimization, Pony AI cut the system's cost by 80% compared to the previous generation while extending its operational life to 10 years or 600,000 kilometers. Built in-house using Nvidia's NVDA OrinX chips, the controller is designed for mass production with a simplified, integrated design that lowers wiring and manufacturing costs. Pony AI confirmed plans to begin mass production in 2025 with a 1,000-vehicle autonomous fleet, a key move toward achieving scale and long-term cost efficiency. Stock Performance and Recent Allegations Pony AI stock gained 158% in the last three months. NASDAQ Golden Dragon China Index (where Poiny AI is a constituent) gained 16% during the period. However, in July, Grizzly Research accused Pony AI of faking AV software data, using deceptive marketing, and offering poor service compared to rivals. The short seller also flagged worsening financials, overreliance on Chinese state support, and skepticism over a rumored U.S. deal. PonyAI responded by highlighting progress, including mass production of its Gen-7 Robotaxi and plans to scale to 1,000 vehicles by 2025. Price Action: PONY stock is trading higher by 6.08% to $14.83 premarket at last check Wednesday. Read Next: Micron Launches First Space-Ready Memory Chip To Power AI Missions In Orbit Photo by Michael Vi via Shutterstock PONYPony AI Inc$14.614.43%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentumN/AGrowthN/AQualityN/AValue8.02Price TrendShortMediumLongOverviewNVDANVIDIA Corp$168.680.99%Market News and Data brought to you by Benzinga APIs

Pony.ai Kicks Off 24/7 Robotaxi Service In Guangzhou And Shenzhen - Pony AI (NASDAQ:PONY)

Pony AI PONY launched 24/7 Robotaxi operations on Friday in Guangzhou and Shenzhen, significantly expanding its service hours in two of China's most dynamic economic hubs. This shift marks a key milestone in the company's Chinese expansion, increasing availability from 15 hours daily to full round-the-clock access. Pony.ai also extended its Robotaxi testing in Beijing to 24 hours a day. Backed by over 50 million kilometers of global autonomous driving tests, Pony.ai has validated its systems across various traffic and lighting conditions, from midday congestion to late-night roads. Also Read: Pony.ai To Deploy Robotaxis In Dubai, Trials Begin Late 2025 Its proprietary "virtual driver" has completed more than 500,000 hours of driverless operation, achieving a safety record reportedly up to ten times better than human drivers. The company's perception capabilities rely on a fusion of 128-beam LiDAR, 8-megapixel cameras, and 4D imaging millimeter-wave radar, enabling 360-degree, real-time awareness, even in low-light settings. Pony.ai's advanced software stack, built on its PonyWorld foundation model, supports its seventh-generation Robotaxi fleet with high-precision detection of road features and obstacles, even up to 650 meters away. Earlier this week, Pony.ai commenced road testing of its Gen-7 BAIC Robotaxis in Beijing, with plans to extend these trials to Guangzhou and Shenzhen. The company surpassed 2 million km in Level 4 controller testing, cut costs by 80%, and reaffirmed plans to mass-produce 1,000 vehicles in 2025. Trending Investment OpportunitiesAdvertisementArrivedBuy shares of homes and vacation rentals for as little as $100. Get StartedWiserAdvisorGet matched with a trusted, local financial advisor for free.Get StartedPoint.comTap into your home's equity to consolidate debt or fund a renovation.Get StartedRobinhoodMove your 401k to Robinhood and get a 3% match on deposits.Get Started Pony.ai shares surged over 106% over the past three months, far outperforming the over 11% gain in the NASDAQ Golden Dragon China Index. However, the stock gained just 0.7% year-to-date, lagging the index's 15%. In July, short seller Grizzly Research accused the company of falsifying autonomous driving data, using misleading marketing tactics, and falling behind competitors in service quality. The report also raised concerns about Pony.ai's financial health, heavy reliance on Chinese state support, and doubts over a rumored U.S. partnership. In response, Pony.ai pointed to recent milestones, including the mass production of its Gen-7 Robotaxi and plans to expand its autonomous fleet to 1,000 vehicles by 2025. In a related development, Lucid Group LCID interim CEO Marc Winterhoff praised the rapid progress of Chinese EVs and Robotaxis, calling their quality impressive, but maintained that Lucid still leads in ride comfort and driving dynamics. He confirmed Lucid would launch its Robotaxi operations in a U.S. city first, even as China continues to advance. Meanwhile, Lucid plans to deploy over 20,000 Robotaxis with Uber Technologies UBER over six years. Price Action: PONY stock is trading higher by 2.77% to $14.85 premarket at last check Friday. Read Next: Mullen Automotive Rebrands To Bollinger Innovations Photo by Tada Images via Shutterstock PONYPony AI Inc$14.802.42%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentumN/AGrowthN/AQualityN/AValue7.87Price TrendShortMediumLongOverviewLCIDLucid Group Inc$2.96-1.00%UBERUber Technologies Inc$91.100.25%Market News and Data brought to you by Benzinga APIs

Pony.ai Gets Green Light For Driverless Robotaxis In Shanghai's Pudong - Pony AI (NASDAQ:PONY)

Pony AI PONY announced Saturday that it has received a permit to operate fully driverless commercial robotaxi services in Shanghai's Pudong financial district. Pony.ai is among the first companies to receive this approval, making it the only company with fully driverless commercial Robotaxi service permits in all four of China's tier-one cities, Beijing, Shanghai, Guangzhou, and Shenzhen, the company said in the press release. The company stated it will begin offering driverless ride-hailing services in the city, starting with the core business areas of Jinqiao and Huamu, and plans to expand to additional regions thereafter. Also Read: Pony.ai To Deploy Robotaxis In Dubai, Trials Begin Late 2025 With a population of over 5 million people across nearly 1,400 square kilometers, Pudong New Area is home to key financial institutions, multinational corporations, and high-tech innovation hubs, serving as a gateway to China's economy for the world. The newly opened area in Jinqiao and Huamu represents the strategic core area of Pudong New Area. In particular, Huamu is located less than 3 kilometers from Lujiazui, the heart of Shanghai's financial district and luxury retail. This close proximity enables Pony.ai to engage with premium users and unlock substantial commercial opportunities in the future. Trending Investment OpportunitiesAdvertisementArrivedBuy shares of homes and vacation rentals for as little as $100. Get StartedWiserAdvisorGet matched with a trusted, local financial advisor for free.Get StartedPoint.comTap into your home's equity to consolidate debt or fund a renovation.Get StartedRobinhoodMove your 401k to Robinhood and get a 3% match on deposits.Get Started Despite a robust 47% surge in its stock price over the past three months, Pony.ai's year-to-date performance has seen a more modest gain of approximately 6%. This contrasts with the NASDAQ Golden Dragon China Index, which registered gains of 11% over the last three months and 14% year-to-date during the corresponding periods. In July, short seller Grizzly Research accused the company of falsifying autonomous driving data, using misleading marketing tactics, and falling behind competitors in service quality. The report also raised concerns about Pony.ai's financial health, heavy reliance on Chinese state support, and doubts over a rumored U.S. partnership. In response, Pony.ai pointed to recent milestones, including the mass production of its Gen-7 Robotaxi and plans to expand its autonomous fleet to 1,000 vehicles by 2025. Price Action: PONY stock is trading higher by 5.75% to $16.00 premarket at last check Monday. Read Next: Investor Reaction To Predictable Mobileye Earnings Was Negative: Analyst Image via Shutterstock PONYPony AI Inc$16.106.41%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentumN/AGrowthN/AQualityN/AValue7.41Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs

Why Pony AI Stock Surged More Than 7% Higher Today | The Motley Fool

The Chinese company takes a large step toward its goal of eventual commercial rollout. Autonomous driving technology specialist Pony AI (PONY 8.08%) had a fine Wednesday on the stock exchange, following news of the launch of an important pilot project in its native China. With that, investors turbocharged the stock, sending it more than 7% higher in value. That was more than good enough to top the 0.8% rise of the bellwether S&P 500 index. That morning, Pony AI reported that vehicles powered by its self-driving technology and manufactured by Beijing Automotive Industry Corp. (BAIC) have begun road testing in Beijing. The seventh-generation BAIC robotaxis will be put through their paces in the capital city's specialized High-Level Autonomous Driving Demonstration Zone. In the press release touting the news, Pony AI didn't hesitate to point out that with the launch, the current generation of BAIC robotaxis and similar vehicles equipped with the company's technology from Guangzhou Automobile Group are being live-tested in Guangzhou, Shenzen, and Beijing. In the company's words, "This multi-city road testing rollout highlights the stability and adaptability of Pony AI's autonomous driving system across various vehicle platforms and urban environments." Pony AI added that the rollout is pushing it closer to its ultimate goal of expanding its autonomous fleet to 1,000 automobiles by the end of this year. With that, it'll have a solid foundation for a large-scale commercial launch in the future, likely within a short space of time. Pony AI is a speculative investment at present, but given the eagerness with which the ever-influential Chinese authorities have embraced modern transportation solutions, I'd give the company a good chance to succeed. This is certainly a stock to watch.

PONY AI Inc. Starts Gen-7 Robotaxi Road Testing In Beijing, Completing Major City Testing Rollout

BEIJING, China, July 23, 2025 (GLOBE NEWSWIRE) -- PONY AI Inc. ("Pony.ai" or the "Company") (Nasdaq: PONY), a global leader in large-scale autonomous mobility, today announced that the seventh-generation ("Gen-7") Beijing Automotive Industry Corporation ("BAIC") Robotaxi model began road testing in Beijing. With multiple Gen-7 Robotaxi models now undergoing road testing, Pony.ai is making significant progress to advance toward large-scale production and commercial deployment. The BAIC Robotaxi fleet is now operating within Beijing's 225-square-kilometer High-Level Autonomous Driving Demonstration Zone. With this development, road testings of Gen-7 BAIC and Guangzhou Automobile Group ("GAC") Robotaxi models are concurrently taking place in Beijing, Guangzhou, and Shenzhen. This multi-city road testing rollout highlights the stability and adaptability of Pony.ai's autonomous driving system across various vehicle platforms and urban environments. This is rapidly driving Pony.ai closer to its goal of expanding its fleet to 1,000 vehicles by the end of 2025, laying a strong foundation for future large-scale commercial deployment. About Pony AI Inc. Pony AI Inc. is a global leader in achieving large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology, a full-stack autonomous driving technology that seamlessly integrates Pony.ai's proprietary software, hardware, and services, Pony.ai is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases. Founded in 2016, Pony.ai has expanded its presence across China, Europe, East Asia, the Middle East and other regions, ensuring widespread accessibility to its advanced technology. For more information, please visit: https://ir.pony.ai. Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about Pony.ai's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Pony.ai's filings with the SEC. All information provided in this press release is as of the date of this press release, and Pony.ai does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: Pony.ai Investor Relations Email: [email protected] Media Relations Email: [email protected]